Landbridge Company Llc Stock Price, News & Analysis

L Brands (NYSE: LB) appointed Francis Hondal and Danielle Lee as new independent members of its Board of Directors, effective May 2021. Les and Abigail Wexner will not seek reelection, reducing the board to 10 directors, 9 of whom are independent, including 6 women. CEO Sarah Nash emphasized the importance of these appointments in enhancing the board's diversity and skillset. Hondal brings extensive experience from Mastercard, while Lee has a strong background in marketing from the NBA and Spotify. This leadership transition aligns with L Brands' upcoming separation into two distinct businesses.

L Brands, Inc. (NYSE: LB) has raised its first quarter earnings guidance to between $0.55 and $0.65 per share, citing strong sales and margins. The company is repaying $1.035 billion in debt and has announced a new $500 million share repurchase plan. Additionally, L Brands is reinstating its quarterly dividend at $0.60 per share starting June 2021. These actions aim to enhance shareholder value and position the Bath & Body Works and Victoria’s Secret businesses for separation.

L Brands, Inc. (NYSE:LB) will participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2021. Stuart Burgdoerfer, the CFO, will present at 8:30 a.m. ET. A link to the presentation can be found on their website at www.LB.com.

The company operates 2,669 specialty stores globally and emphasizes ongoing risks in its forward-looking statements.

On February 25, 2021, Alliance Data Systems Corporation (NYSE: ADS) announced a partnership with Victoria's Secret (NYSE: LB) to reissue an enhanced private label credit card. This new card features contactless mobile payments via Apple Pay and improved security options. The initiative aims to enhance customer experience with innovative digital features and rewards, fostering brand engagement. The card also offers transaction alerts and control options to increase cardmember security and convenience, marking a significant upgrade in private label credit offerings.

L Brands reported strong fourth quarter and full-year results for 2020. Earnings per share rose to $3.03, reversing a loss of $0.70 a year prior. Operating income increased to $1.273 billion from $81.7 million, with net income at $860.3 million compared to a loss of $192.3 million. Full-year earnings per share were $3.00, up from a loss of $1.33. Net sales for the year dropped to $11.847 billion from $12.914 billion. The company is set to separate Bath & Body Works and Victoria’s Secret by August 2021 and anticipates first quarter earnings per share between $0.35 and $0.45.

Victoria's Secret has relaunched its Swim collection, now available online and in select stores from February 16, 2021. The assortment features both new and classic styles, including high-waisted bikinis, one-pieces, and asymmetric shapes. Prices start at $49, with sizes ranging from 32A to 38DDD and XS to XL. The collection incorporates modern bra technology for better fit. Alongside its Swim line, the retailer will also carry swimwear from various brands, enhancing its overall offerings.

L Brands (NYSE: LB) will release its fourth quarter 2020 earnings after the market closes on February 24, 2021. A live webcast of the earnings conference call is scheduled for February 25 at 9:00 a.m. ET, where executives will discuss the company's financial performance. L Brands operates popular brands including Victoria's Secret, PINK, and Bath & Body Works, with approximately 2,669 stores across the U.S., Canada, and Greater China. The webcast can be accessed via their official website.

L Brands has announced the promotion of Martin Waters to CEO of Victoria’s Secret, effective immediately, following Stuart Burgdoerfer's retirement as CFO and Interim CEO. The company is targeting August 2021 for the planned separation of Victoria’s Secret and Bath & Body Works. Due to strong January sales, L Brands has updated its fourth-quarter earnings guidance from $2.70-$2.80 to $2.95-$3.00 per share. The company anticipates a 10% increase in comparable sales, driven by a 22% increase at Bath & Body Works, despite a 3% decrease at Victoria's Secret.

L Brands, Inc. (LB) reported net sales of $3.836 billion for the nine weeks ending January 2, 2021, down from $3.906 billion for the same period in 2020. Despite the sales decline, comparable sales rose by 5%, driven by Bath & Body Works, which saw a 17% increase, with a notable 64% growth in direct sales. Conversely, Victoria’s Secret experienced a 9% decline in comparable sales. The company anticipates fourth-quarter earnings per share between $2.70 and $2.80. L Brands' results exceeded expectations, indicating a positive trend for both brands amidst challenging conditions.